IBOV 177,847 ▼ 0.01% IPSA 11,057 ▲ 0.28% IPC MEX 66,315 ▼ 0.27% MERVAL 3,280,224 — 0.00% COLCAP 2,307.67 ▲ 0.65% BVL PERÚ 56,194.27 ▲ 1.29% USD/BRL5.13▲ 0.36% USD/MXN17.48▲ 0.03% USD/CLP926.21▲ 0.15% USD/COP3,237▼ 0.27% USD/PEN3.40▲ 0.29% USD/ARS1,491▲ 0.24% USD/UYU 40.22 — 0.00% USD/PYG6,045▼ 0.17% USD/BOB10.35▲ 2.07% USD/DOP58.37▼ 0.19% USD/CRC448.53▼ 0.06% USD/GTQ7.62▼ 0.10% USD/HNL26.73▲ 0.04% USD/NIO 36.62 — 0.00% USD/VES719.54▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▼ 0.25% USD/TTD6.74▼ 0.12% EUR/BRL5.85▲ 0.56% BRENT 78.75 ▲ 3.60% WTI 74.00 ▲ 3.63% IRON ORE 161.91 — — COPPER 6.33 ▲ 1.50% GOLD 4,062 ▼ 1.03% SILVER 58.65 ▼ 1.94% SOY 1,193 ▼ 0.27% CORN 464.75 ▲ 6.11% WHEAT 638.50 ▲ 1.03% COFFEE 337.40 ▼ 1.63% SUGAR 14.77 ▼ 0.74% ORANGE JUICE 141.90 ▼ 4.02% COTTON 82.94 ▲ 3.78% COCOA 5,792 ▼ 2.15% BEEF 230.75 ▼ 1.89% CATTLE 354.85 ▲ 0.07% LITHIUM 70.94 ▼ 1.91% PETR4 40.53 ▲ 2.22% VALE3 73.87 ▼ 0.42% ITUB4 44.29 ▼ 0.02% BBDC4 18.95 ▲ 0.48% ABEV3 15.85 ▲ 0.19% BBAS3 20.53 ▼ 0.24% B3SA3 15.38 ▼ 0.26% WEGE3 45.35 ▼ 2.49% PRIO3 55.88 ▲ 0.78% SUZB3 41.70 ▲ 0.36% RENT3 40.85 ▼ 0.61% AZZA3 18.88 ▼ 1.15% CSAN3 4.02 ▼ 1.23% RAIZ4 0.36 ▲ 2.86% PCAR3 2.67 ▼ 2.20% GMAT3 3.97 — 0.00% PSSA3 54.40 ▼ 1.04% CVCB3 1.25 — 0.00% POSI3 3.93 ▼ 1.01% SLCE3 14.13 ▲ 0.78% NATU3 8.59 ▼ 1.04% BRKM5 6.79 ▲ 2.41% RANI3 7.99 ▼ 0.25% CSNA3 5.20 ▲ 0.39% CMIN3 5.44 ▲ 4.02% USIM5 8.41 ▼ 0.47% GGBR4 23.16 ▲ 0.65% ENEV3 27.52 ▼ 0.11% CPFE3 47.78 ▼ 0.19% CMIG4 11.33 ▼ 0.44% EQTL3 40.76 ▼ 0.37% LREN3 14.44 ▼ 1.23% VIVT3 35.64 ▼ 0.31% RAIL3 14.30 ▼ 0.42% KLABIN 17.61 ▲ 0.40% RAIA DROGASIL 18.54 ▼ 1.23% RDOR3 35.84 ▼ 0.50% HAPV3 10.61 ▲ 0.09% FLRY3 16.50 ▲ 0.49% SMTO3 16.38 ▲ 0.06% UGPA3 31.13 ▲ 1.37% VBBR3 33.44 ▲ 1.33% BBSE3 40.29 ▼ 0.15% BPAC11 58.58 ▼ 0.26% CURY3 33.74 ▼ 1.37% AERI3 2.10 ▲ 0.48% VIVARA 23.49 ▼ 0.17% COMPASS 25.60 ▲ 0.39% VAMOS 3.07 ▲ 0.33% SANB11 27.84 ▲ 0.80% ASAI3 8.84 ▼ 0.34% SBSP3 30.86 ▼ 0.80% WALMEX 49.54 ▲ 0.45% GMEXICO 198.62 ▲ 1.68% FEMSA 223.61 ▲ 0.13% CEMEX 21.80 ▼ 0.27% GFNORTE 186.69 ▲ 0.05% BIMBO 56.04 ▼ 0.11% TELEVISA 9.77 ▲ 0.41% AMX 22.84 ▲ 0.62% GAP 415.19 ▲ 0.66% ASUR 283.97 ▼ 0.40% OMA 236.47 ▼ 0.00% KOF 182.08 ▲ 0.65% GRUMA 282.99 ▲ 0.14% KIMBER 38.13 ▼ 0.81% SQM-B 67,750 ▼ 1.95% COPEC 6,139 ▲ 1.98% BSANTANDER 79.00 ▲ 1.94% FALABELLA 5,905 ▲ 0.92% ENELAM 85.40 ▲ 1.47% CENCOSUD 2,045 ▼ 0.55% CMPC 1,109 ▲ 1.32% BANCO CHILE 188.88 ▲ 1.01% LATAM AIR 26.26 ▼ 0.53% YPF 75,950 ▲ 2.08% GGAL 8,350 ▲ 0.18% PAMPA 5,205 ▲ 0.48% TXAR 662.00 ▼ 1.34% ALUAR 980.00 ▲ 0.46% TGS 9,520 ▼ 0.78% CEPU 2,405 ▲ 3.89% MIRGOR 17,375 ▲ 1.02% COME 45.90 ▼ 0.02% LOMA NEGRA 3,565 ▼ 0.49% BYMA 317.50 ▲ 1.11% TELECOM ARG 4,173 ▼ 1.71% ECOPETROL 15.94 ▲ 2.28% BANCOLOMBIA 83.41 ▲ 0.55% GRUPO AVAL 5.11 ▲ 0.79% CREDICORP 402.51 ▲ 0.42% SOUTHERN COPPER 172.64 ▼ 1.82% BUENAVENTURA 29.55 ▼ 1.50% MERCADOLIBRE 1,892 ▲ 2.16% NUBANK 13.70 ▼ 0.47% XP 16.91 ▼ 0.06% PAGSEGURO 9.38 ▲ 1.41% STONE 11.32 ▲ 0.98% GLOBANT 31.20 ▲ 4.14% TECNOGLASS 44.08 ▲ 0.40% GAP AIRPORT 235.64 ▲ 0.50% ASUR 283.97 ▼ 0.40% OMA AIRPORT 108.35 ▲ 0.29% AMX ADR 26.02 ▲ 0.04% FEMSA ADR 128.23 ▲ 0.44% CEMEX ADR 12.51 ▲ 0.20% PETROBRAS ADR 17.73 ▲ 2.37% VALE ADR 14.37 ▼ 0.62% ITAU ADR 8.65 ▲ 0.35% SANTANDER BR 5.48 ▲ 1.58% AMBEV ADR 3.08 ▲ 0.16% CSN 1.03 ▲ 1.98% GERDAU 4.57 ▲ 1.56% LATAM ADR 55.03 ▼ 2.52% BTC 62,261 ▼ 2.35% ETH 1,767 ▼ 2.18% SOL 75.23 ▼ 2.14% XRP 1.07 ▼ 1.69% BNB 566.80 ▼ 1.25% ADA 0.16 ▼ 2.51% DOGE 0.07 ▼ 0.95% AVAX 6.58 ▲ 2.78% LINK 7.89 ▼ 1.30% DOT 0.83 ▼ 2.04% LTC 43.25 ▼ 1.64% BCH 239.19 ▼ 0.32% TRX 0.33 ▼ 1.55% XLM 0.18 ▼ 2.23% HBAR 0.07 ▼ 0.98% NEAR 1.90 ▲ 0.81% ATOM 1.54 ▼ 1.86% AAVE 94.46 ▼ 2.68% SELIC 14.25% EMBRAER 83.31 ▼ 1.52% EMBRAER ADR 64.85 ▼ 1.76% JBS 11.88 ▼ 0.25% JBS BDR 61.04 ▲ 0.43% MBRF3 15.26 ▼ 1.87% MBRFY 2.89 ▼ 4.30% INTER 5.76 ▼ 1.03% EGX 52,608 ▲ 0.67% USD/ZAR16.36▲ 0.24% USD/NGN1,378▼ 0.05% NIKKEI 67,243 ▼ 1.92% CSI300 4,695 ▼ 1.79% HSI 24,214 ▲ 0.16% NIFTY 24,211 ▲ 0.02% KOSPI 6,807 ▼ 8.95% JCI 6,038 ▲ 1.92% USD/JPY162.21▲ 0.30% USD/CNY6.77▼ 0.18% DAX 25,105 ▲ 0.15% CAC 8,348 ▲ 0.11% FTSE 10,484 ▼ 0.12% MIB 52,754 ▲ 0.26% IBEX 19,389 ▲ 0.02% STOXX 640.42 ▼ 0.11% EUR/USD1.14▲ 0.18% GBP/USD1.34▼ 0.02% SPX 7,551 ▼ 0.33% DJI 52,591 ▼ 0.09% NDX 29,825 ▲ 0.33% RUT 2,978 ▼ 0.49% TSX 35,287 ▼ 0.05% VIX 16.37 ▲ 8.92% USD/CAD1.41▼ 0.13% US10Y 4.5810 ▲ 0.26% IBOV 177,847 ▼ 0.01% IPSA 11,057 ▲ 0.28% IPC MEX 66,315 ▼ 0.27% MERVAL 3,280,224 — 0.00% COLCAP 2,307.67 ▲ 0.65% BVL PERÚ 56,194.27 ▲ 1.29% USD/BRL 5.13 ▲ 0.36% USD/MXN 17.48 ▲ 0.03% USD/CLP 926.21 ▲ 0.15% USD/COP 3,237 ▼ 0.27% USD/PEN 3.40 ▲ 0.29% USD/ARS 1,491 ▲ 0.24% USD/UYU 40.22 — 0.00% USD/PYG 6,045 ▼ 0.17% USD/BOB 10.35 ▲ 2.07% USD/DOP 58.37 ▼ 0.19% USD/CRC 448.53 ▼ 0.06% USD/GTQ 7.62 ▼ 0.10% USD/HNL 26.73 ▲ 0.04% USD/NIO 36.62 — 0.00% USD/VES 719.54 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 0.15% USD/TTD 6.74 ▲ 1.31% EUR/BRL 5.85 ▲ 0.56% BRENT 78.75 ▲ 3.60% WTI 74.00 ▲ 3.63% IRON ORE 161.91 — — COPPER 6.33 ▲ 1.50% GOLD 4,062 ▼ 1.03% SILVER 58.65 ▼ 1.94% SOY 1,193 ▼ 0.27% CORN 464.75 ▲ 6.11% WHEAT 638.50 ▲ 1.03% COFFEE 337.40 ▼ 1.63% SUGAR 14.77 ▼ 0.74% ORANGE JUICE 141.90 ▼ 4.02% COTTON 82.94 ▲ 3.78% COCOA 5,792 ▼ 2.15% BEEF 230.75 ▼ 1.89% CATTLE 354.85 ▲ 0.07% LITHIUM 70.94 ▼ 1.91% PETR4 40.53 ▲ 2.22% VALE3 73.87 ▼ 0.42% ITUB4 44.29 ▼ 0.02% BBDC4 18.95 ▲ 0.48% ABEV3 15.85 ▲ 0.19% BBAS3 20.53 ▼ 0.24% B3SA3 15.38 ▼ 0.26% WEGE3 45.35 ▼ 2.49% PRIO3 55.88 ▲ 0.78% SUZB3 41.70 ▲ 0.36% RENT3 40.85 ▼ 0.61% AZZA3 18.88 ▼ 1.15% CSAN3 4.02 ▼ 1.23% RAIZ4 0.36 ▲ 2.86% PCAR3 2.67 ▼ 2.20% GMAT3 3.97 — 0.00% PSSA3 54.40 ▼ 1.04% CVCB3 1.25 — 0.00% POSI3 3.93 ▼ 1.01% SLCE3 14.13 ▲ 0.78% NATU3 8.59 ▼ 1.04% BRKM5 6.79 ▲ 2.41% RANI3 7.99 ▼ 0.25% CSNA3 5.20 ▲ 0.39% CMIN3 5.44 ▲ 4.02% USIM5 8.41 ▼ 0.47% GGBR4 23.16 ▲ 0.65% ENEV3 27.52 ▼ 0.11% CPFE3 47.78 ▼ 0.19% CMIG4 11.33 ▼ 0.44% EQTL3 40.76 ▼ 0.37% LREN3 14.44 ▼ 1.23% VIVT3 35.64 ▼ 0.31% RAIL3 14.30 ▼ 0.42% KLABIN 17.61 ▲ 0.40% RAIA DROGASIL 18.54 ▼ 1.23% RDOR3 35.84 ▼ 0.50% HAPV3 10.61 ▲ 0.09% FLRY3 16.50 ▲ 0.49% SMTO3 16.38 ▲ 0.06% UGPA3 31.13 ▲ 1.37% VBBR3 33.44 ▲ 1.33% BBSE3 40.29 ▼ 0.15% BPAC11 58.58 ▼ 0.26% CURY3 33.74 ▼ 1.37% AERI3 2.10 ▲ 0.48% VIVARA 23.49 ▼ 0.17% COMPASS 25.60 ▲ 0.39% VAMOS 3.07 ▲ 0.33% SANB11 27.84 ▲ 0.80% ASAI3 8.84 ▼ 0.34% SBSP3 30.86 ▼ 0.80% WALMEX 49.54 ▲ 0.45% GMEXICO 198.62 ▲ 1.68% FEMSA 223.61 ▲ 0.13% CEMEX 21.80 ▼ 0.27% GFNORTE 186.69 ▲ 0.05% BIMBO 56.04 ▼ 0.11% TELEVISA 9.77 ▲ 0.41% AMX 22.84 ▲ 0.62% GAP 415.19 ▲ 0.66% ASUR 283.97 ▼ 0.40% OMA 236.47 ▼ 0.00% KOF 182.08 ▲ 0.65% GRUMA 282.99 ▲ 0.14% KIMBER 38.13 ▼ 0.81% SQM-B 67,750 ▼ 1.95% COPEC 6,139 ▲ 1.98% BSANTANDER 79.00 ▲ 1.94% FALABELLA 5,905 ▲ 0.92% ENELAM 85.40 ▲ 1.47% CENCOSUD 2,045 ▼ 0.55% CMPC 1,109 ▲ 1.32% BANCO CHILE 188.88 ▲ 1.01% LATAM AIR 26.26 ▼ 0.53% YPF 75,950 ▲ 2.08% GGAL 8,350 ▲ 0.18% PAMPA 5,205 ▲ 0.48% TXAR 662.00 ▼ 1.34% ALUAR 980.00 ▲ 0.46% TGS 9,520 ▼ 0.78% CEPU 2,405 ▲ 3.89% MIRGOR 17,375 ▲ 1.02% COME 45.90 ▼ 0.02% LOMA NEGRA 3,565 ▼ 0.49% BYMA 317.50 ▲ 1.11% TELECOM ARG 4,173 ▼ 1.71% ECOPETROL 15.94 ▲ 2.28% BANCOLOMBIA 83.41 ▲ 0.55% GRUPO AVAL 5.11 ▲ 0.79% CREDICORP 402.51 ▲ 0.42% SOUTHERN COPPER 172.64 ▼ 1.82% BUENAVENTURA 29.55 ▼ 1.50% MERCADOLIBRE 1,892 ▲ 2.16% NUBANK 13.70 ▼ 0.47% XP 16.91 ▼ 0.06% PAGSEGURO 9.38 ▲ 1.41% STONE 11.32 ▲ 0.98% GLOBANT 31.20 ▲ 4.14% TECNOGLASS 44.08 ▲ 0.40% GAP AIRPORT 235.64 ▲ 0.50% ASUR 283.97 ▼ 0.40% OMA AIRPORT 108.35 ▲ 0.29% AMX ADR 26.02 ▲ 0.04% FEMSA ADR 128.23 ▲ 0.44% CEMEX ADR 12.51 ▲ 0.20% PETROBRAS ADR 17.73 ▲ 2.37% VALE ADR 14.37 ▼ 0.62% ITAU ADR 8.65 ▲ 0.35% SANTANDER BR 5.48 ▲ 1.58% AMBEV ADR 3.08 ▲ 0.16% CSN 1.03 ▲ 1.98% GERDAU 4.57 ▲ 1.56% LATAM ADR 55.03 ▼ 2.52% BTC 62,261 ▼ 2.35% ETH 1,767 ▼ 2.18% SOL 75.23 ▼ 2.14% XRP 1.07 ▼ 1.69% BNB 566.80 ▼ 1.25% ADA 0.16 ▼ 2.51% DOGE 0.07 ▼ 0.95% AVAX 6.58 ▲ 2.78% LINK 7.89 ▼ 1.30% DOT 0.83 ▼ 2.04% LTC 43.25 ▼ 1.64% BCH 239.19 ▼ 0.32% TRX 0.33 ▼ 1.55% XLM 0.18 ▼ 2.23% HBAR 0.07 ▼ 0.98% NEAR 1.90 ▲ 0.81% ATOM 1.54 ▼ 1.86% AAVE 94.46 ▼ 2.68% SELIC 14.25% EMBRAER 83.31 ▼ 1.52% EMBRAER ADR 64.85 ▼ 1.76% JBS 11.88 ▼ 0.25% JBS BDR 61.04 ▲ 0.43% MBRF3 15.26 ▼ 1.87% MBRFY 2.89 ▼ 4.30% INTER 5.76 ▼ 1.03% EGX 52,608 ▲ 0.67% USD/ZAR 16.35 ▲ 0.05% USD/NGN 1,378 ▲ 0.15% NIKKEI 67,243 ▼ 1.92% CSI300 4,695 ▼ 1.79% HSI 24,214 ▲ 0.16% NIFTY 24,211 ▲ 0.02% KOSPI 6,807 ▼ 8.95% JCI 6,038 ▲ 1.92% USD/JPY 162.13 ▲ 0.28% USD/CNY 6.7651 ▼ 0.02% DAX 25,105 ▲ 0.15% CAC 8,348 ▲ 0.11% FTSE 10,484 ▼ 0.12% MIB 52,754 ▲ 0.26% IBEX 19,389 ▲ 0.02% STOXX 640.42 ▼ 0.11% EUR/USD 1.1427 ▲ 0.07% GBP/USD 1.3394 ▼ 0.03% SPX 7,551 ▼ 0.33% DJI 52,591 ▼ 0.09% NDX 29,825 ▲ 0.33% RUT 2,978 ▼ 0.49% TSX 35,287 ▼ 0.05% VIX 16.37 ▲ 8.92% USD/CAD 1.4141 ▼ 0.08% US10Y 4.5810 ▲ 0.26%
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Chile Politics - Brazil

A fragmented Congress will condition the next Chilean Government

By · December 15, 2021 · 3 min read

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RIO DE JANEIRO, BRAZIL – Neither the far-leftist Gabriel Boric nor the religious conservative José Antonio Kast, who will compete for the Chilean Presidency next Sunday, will have their majority in Congress: the current scenario will force whoever wins to forge stable alliances to make his project viable, in a fragmented space under pressure from the street.

The elections of last November 21 defined a run-off election marked by antagonistic positions and dispersion of political forces and the irruption of new ones in the Chamber, which will give particularities to the dialogue between the Executive and Legislative powers for the next period.

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The 155 deputies and 50 senators, at a general level, will be evenly distributed as of March 2022: progressives and conservatives took half in each chamber, although without specific hegemonic groups.

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Apruebo Dignidad in favor of Boric achieved 37 deputies and four senators; on the other hand, the Social Christian Front (FSC), the conglomerate that supports Kast, gained 15 deputies and only one senator.

Thus, experts told Efe that dialogue and political skill would be fundamental for whoever assumes the first Chilean magistracy during the next four years, marked by significant social effervescence after the wave of protests that shook the country at the end of 2019 and high expectations of a change of model.

“WILLINGNESS TO DIALOGUE”.

For María Cristina Escudero, Ph.D. in Political Science and academic at the Institute of Public Affairs of the University of Chile, the Executive “will have to show quite a lot of ability to congregate the forces it needs”.

“Most of the public policies that require reform have to be laws; this forces the Executive to talk with the Congress and today that is a space without predominant forces, moreover, as this new composition has not started to work, we also do not know the affinities that can be generated in the center areas”, said the academic.

In this sense, Escudero highlighted the need to count on a “disposition to dialogue”. However, for this, it is necessary to generate conditions of trust and return to the “moderation of language”, considering the divisions that have been accentuated in the face of the ballot.

NEW FORCES

The Chilean right-wing, which according to experts, has suffered one of its most profound crises in the current period and has been forced to rearticulate, has taken refuge in more complex and more conservative positions, moving away from the liberal horizon proposed a few years ago by parties such as Evolución Política or Ciudadanos.

As the crystallization of this phenomenon, the November elections arrived in the Chamber of 15 deputies of the Social Christian Front. This conservative coalition supported José Antonio Kast and where people linked to the Evangelical and Pinochetista world are militants.

Likewise, the arrival of the People’s Party (PDG) – a group that supported former independent right-wing candidate Franco Parisi, who surprisingly won third place in the first round – with six deputies in the lower house calls for flexibility in negotiation strategies, says Escudero, as it is a force that has not participated permanently in the Chilean public debate.

“TRANSVERSAL AGREEMENTS”.

According to Josefina Araos, historian and researcher at the Institute of Society Studies (IES), the next president will have to show “a lot of political virtue” since his challenge, beyond promoting a program, will be to “negotiate and articulate transversal agreements”.

The horizon, Araos said, is “to achieve collaboration after times when the characteristic between the Executive and Congress has been obstructionism. It will be a difficult task since we know the composition of the future Congress: highly fragmented, with an important number of new figures and a very deteriorated previous political dynamics, with signs of intolerance to political dissent and marked by distrust and mutual resentment”.

In this context, Araos points out the “delicate” work that the next Administration will have to carry out, “since it is essential that fragmentation does not translate again into blockage”.

“It may be positive to have a Congress where no one has a clear majority because it forces moderation, but it is also a risk: citizens are impatient today and have demands that have been postponed for a long time. There is no room for delays or passing the buck, and this will require the vilified agreements to be vindicated. It is especially in this field that the next government will have to move”, she added.

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